Venezuela

Compared with Hungary, using real observed prices.

Baseline: Hungary = 1×

Venezuela vs

Hungary

Overall verdict

Venezuela is about 0.15× Hungary.

Average across 3 categories, 4 items with data

The shape of prices (vs Hungary = 1×)

How to read this

The centre line is Hungary. A bar running right means Venezuela is pricier; running left means cheaper. The thin bar behind shows the range from the cheapest to the priciest item in that category.

← Cheaper than

Hungary Hungary = 1×

Venezuela is pricier →

🍔 Food & Dining 1 item

×0.81
⚡ Utilities 1 item

×0.62
⛽ Transport 2 items

×0.01

Thin bar shows the range (cheapest to priciest item in the category)

In Venezuela, Big Mac costs 0.8× what it does in Hungary — but Diesel 1L costs only 0.0×. What is expensive here is labour, not the goods that carry a world price.

Real prices. Real sources. Real dates.

Big Mac 1 burger ×0.81

Venezuela HUF 1,344 VES 1,370

Hungary HUF 1,660 HUF 1,660

Observed 2026-01-01 · The Economist Big Mac Index
Electricity 1kWh (household) 1 kWh ×0.62

Venezuela HUF 23 USD 0.069

Hungary HUF 37 USD 0.111

Observed 2026-04-01 · GlobalPetrolPrices.com
Gasoline 1L 1 L ×0.02

Venezuela HUF 11 USD 0.035

Hungary HUF 575 USD 1.839

Observed 2026-07-20 · GlobalPetrolPrices.com
Diesel 1L 1 L ×0.00

Venezuela HUF 1 USD 0.004

Hungary HUF 592 USD 1.893

Observed 2026-07-20 · GlobalPetrolPrices.com